I sell 2 hand items. VAT is due over the difference between selling price and purchase price. How can I incorporate this in Manager.io. In an older version of Manager.io it worked like this:
goods 50
sales 50 (incl. 21% VAT)
In that case the goods were reduced with 50. VAT was 21% over 50
Can someone please help?
It appears to me that you are living in the Netherlands.
Dutch VAT law is very explicit in how to deal with the VAT when you buy ad sell second hand items.
There are two methods of calculating VAT:
a. the so-called “individuele methode” and
b. the so called “globalisatie methode”.
Which of the two methods applies is depending on the kind of business you are in.
The website of the “Belastingdienst” tells you which method to use.
Here is the link: Administratie bijhouden bij handel in margegoederen
So you’ll first have to tell which business you are in before I can give you further support/help.
Hello Hennie, thanks for your reply. I’m using the individual method. I’m is the antiques business. Furthermore I’m also selling new items
Hello TCO,
I think answering your question is outside the scope of Manager. The question is not related to Manager as a software product as such, but more a question of how to realize a very specific Dutch VAT rule.
Send me a private message and I’ll be happy to guide you in the right direction
Good morning Hennie,
Hope you can provide me so information to handle this matter
Kind regards,
Taco Copinga